AEROSPACE
Boeing Co. plans to move 2,500 jobs from Huntington Beach in the next four years, leaving a fraction in Seal Beach while the majority go to El Segundo, Long Beach, St. Louis and Huntsville, Ala. The move comes as the company begins to consolidate nationwide operations in its defense and space and security groups. Boeing said it also plans to close facilities that account for 4.5 million square feet of space in Texas, Virginia and Washington state (see related story, list on largest local employers, pages 1, 12).
APPAREL
Los Angeles-based American Apparel LLC, known for its commitment to domestic manufacturing, plans to lay off 332 people at its dye house in Garden Grove, according to a notice filed with the state Employment Development Department. It’s also laying off 2,166 at facilities in L.A. and 959 in South Gate. The company filed for Chapter 11 protection this month.
AUTOMOTIVE
Anaheim Convention Center said about 16,000 people would attend a three-day auto auction last weekend. The Mecum Collector Car Auction said 750 cars from sellers in 20 states, along with local and out-of-state buyers and aficionados, would gather at the center for the auto show and auction of muscle cars, hot rods and classics.
EDUCATION
California State University-Fullerton President Mildred García was named chair-elect of the board of directors of the American Association of State Colleges and Universities for 2017. She will serve as chairperson in 2018. The Washington, D.C.-based higher education association has about 400 member public colleges, universities and school systems.
The Orange Coast College Foundation received an approximately $1.2 million donation from the estate of former faculty member and administrator Jane Hilgendorf, who died in April at age 74. It said it plans to use 75% of the funds on OCC’s athletics department and the other 25% on the Friends of the OCC Library; Hilgendorf served on the board of the latter group. The foundation got another $20,000 from her trust that’s earmarked for a scholarship benefitting “outstanding” transfer students who play on a women’s volleyball team. Hilgendorf was OCC’s women’s volleyball coach for many years.
HEALTHCARE
Masimo Corp. received a $4.95 million grant from the Bill & Melinda Gates Foundation in advance of World Pneumonia Day. The Irvine-based device maker is developing a low-cost pulse oximeter for pneumonia screening to be used in developing countries.
REAL ESTATE
Irvine-based HCP Inc. appointed Chief Financial Officer Tom Herzog chief executive and to its board of directors, and Chief Investment Officer Justin Hutchens to the president’s role, effective in January. The healthcare-focused real estate investment trust owns senior housing, medical office and life sciences office properties. It recently was saddled with the poor performance of post-acute/skilled nursing portfolio HCR ManorCare and undertook a restructuring.
RESTAURANTS
Irvine-based Taco Bell Corp. unveiled a series of new moves: its new flagship restaurant in Las Vegas, a logo refresh, and company-branded clothing. The Las Vegas “cantina” site is the fourth “urban” restaurant in the system. It offers 24-hour service and serves alcoholic drinks and shareable menu items. Customers can purchase branded gear at the restaurant and online. Taco Bell’s new logo sports a purple bell on a white background with the company name in black letters. It replaces a four-color logo that was released in 1995.
Newport Beach-based BirchStreet Systems Inc. signed Best Western Hotels & Resorts hotels in North America to buy from its hospitality services technology platform. BirchStreet provides back-office ordering, payment, and budget and inventory control services. It had about 12,000 properties in 100 countries as customers prior to the deal.
TECHNOLOGY
Irvine-based business software maker Mavenlink Inc. raised $39 million in a Series D round led by Goldman Sachs. It said it plans to use the proceeds to continue U.S. and international expansion and initiate a hiring push in Irvine, and engineering hubs in San Francisco, Salt Lake City and Boston. Its cloud-based project management software has more than 2,000 customers, including salesforce.com.
